SILVER ELEPHANT SUSPECTS NEW TAJO VEIN OFFSHOOT AT PULACAYO

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Pulacayo resource (dotted outline) and possible sulphides indicated by chargeability

Silver Elephant Mining Corp. (TSX: ELEF) identified a linear anomaly measuring over 1,400m x 250m, starting at a depth of approximately 250m at its Pulacayo silver project in Potosi department.
The preliminary IP survey results suggest an anomaly 300m north of the Tajo vein system (TVS) and running parallel, which leads the company to propose that this could be an off-shoot vein originating from the main Tajo vein at a much deeper level. In the last 200 years portions of the Tajo vein yielded 500+ g/t silver and 10%+ lead and zinc.
The 110km IP survey is scheduled for completion in July, with drilling likely to start immediately afterwards.
Meanwhile, Silver Elephant has interrupted the process to acquire the Sunawayo property in Bolivia pending verification by local authorities of the property’s title and environmental permit. The US$6.5mn acquisition was agreed in September 2020 and Silver Elephant has already made a payment of US$300,000.

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